After a 16-month hiatus triggered by a devastating cyberattack, Indian cryptocurrency exchange WazirX is set to resume its trading operations on October 24, under a Singapore High Court–approved restructuring plan. The restart marks a major milestone in the exchange’s recovery effort following one of the most damaging breaches in India’s crypto history.
Court-approved restructuring paves way for relaunch
The exchange’s comeback follows a court-sanctioned plan for its parent company, Zettai Pte. Ltd., which received over 95% approval from creditors, both by number and claim value. The plan, approved by the High Court of Singapore, allows WazirX to restart trading, settle user claims, and restore service operations in a phased manner.
During its year-long restructuring, WazirX conducted internal audits, implemented governance changes, and restructured its management and compliance units. The process also included forensic reviews of the 2024 breach, token reorganisations, and migration of user balances to ensure a secure reopening.
In an email sent to creditors, the platform confirmed that the relaunch marks “the first concrete timeline” for repayments and trading resumption, with token distributions and Recovery Tokens to compensate affected users expected to begin alongside the relaunch.
Zero trading fees across all markets
As part of a user-focused recovery initiative called the “Restart Offer,” WazirX announced zero trading fees across all markets once trading resumes. The exchange aims to rebuild liquidity and encourage users to return to the platform after months of inactivity.
Trading will restart gradually over four days, from October 24 to October 27, according to WazirX’s official X (Twitter) post. Around 25% of tokens will be reactivated each day, with full trading functionality expected by October 27, well within the 10-business-day implementation deadline set out in the court-approved plan.
Trading Will Begin with ZERO Trading Fee Across All Markets 🚀
— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) October 23, 2025
Trading on WazirX will resume with zero trading fee across markets, making it easier for every user to trade seamlessly as the platform restarts.
Trading for tokens will be enabled gradually over four days,… pic.twitter.com/fG1XuWgAdK
Initially, all tokens will be enabled in the USDT market, while the INR market will begin trading with the USDT/INR pair. Other INR pairs will be added later through separate announcements.
Strengthening security through BitGo partnership
Security remains a central focus for the relaunched platform. WazirX has partnered with BitGo, an established digital asset custody firm, to provide institutional-grade, insured custody solutions for its users.
The collaboration is designed to restore user confidence in the wake of the 2024 cyberattack, which led to a loss of $230–235 million in digital assets. The breach was attributed to North Korea’s Lazarus Group, a finding subsequently supported by the United States, Japan, and South Korea through a joint statement.
BitGo will handle custodial operations, offering enhanced fund safety and compliance with international security standards, a critical step as WazirX attempts to regain its leadership position in India’s crypto space.
Rebuilding trust after a turbulent year
Once India’s largest crypto exchange by trading volume, WazirX’s suspension in mid-2024 left a lasting mark on the country’s cryptocurrency ecosystem. The hack, insolvency proceedings, and frozen user funds resulted in widespread frustration and a loss of trust among retail investors.
With the legal and technical groundwork now in place, WazirX plans to focus on regulated market compliance, custody management, and expanding its offering of supported tokens and trading pairs over the coming months.
The relaunch comes at a crucial juncture for India’s crypto community, which has faced tax pressures and regulatory uncertainty. As WazirX reopens its trading engine, the exchange faces a major test, whether it can restore user confidence and market credibility after one of the most significant crises in its history.
While challenges remain, the exchange’s swift restructuring, court oversight, and transparent recovery initiatives reflect a determined effort to rebuild trust and strengthen its market position.
WazirX’s return on October 24 signifies more than just the resumption of trading, it represents a critical step toward redemption for one of India’s oldest crypto platforms. Backed by a court-approved restructuring, a security partnership with BitGo, and a zero-fee trading campaign, the exchange hopes to reclaim its place in a rapidly evolving market and reassure investors that past lessons have been learned.
Anastasiia G
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